hy

Why We Need Tech-Savvy Politicians

If Washington doesn't understand technology — and it doesn't — there are tough times ahead for the marketing, the economy, and jobs




hy

The nutritional value of meat: How healthy is red meat for you




hy

Healthy Gamer a metal health program for gamers, by gamers




hy

Baryon Asymmetry: Why is there so much more matter than antimatter




hy

Asus Indias Arnold Su talks about the delayed Zephyrus G14 and other upcoming gaming laptops




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There’s too much hype about Pakistan’s nuclear capability: Anil Kakodkar

Nuclear physicists Kakodkar and Gangotra believe India’s nuclear industry “lost time” due to liability regime that followed 2008 nuclear deal, say country should aim for 50% nuclear energy, and insist that the space programme is about “national pride”, not jingoism




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Five ‘big’ cars with surprisingly small engines: Mercedes-AMG’s hyper car is also on this list!




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MG Hector explained in pictures: Internet connectivity, mild hybrid tech and more

The British car manufacturer unveiled the first car that it will retail in India - the MG Hector - on Wednesday.




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Kia Seltos Image Gallery: Everything about this Hyundai Creta, Tata Harrier rival

The Kia Seltos compact SUV is going to launch in India this year. It is going to fall in-between the price range of Rs 11 lakh to Rs 17 lakh. Seltos will get three engine and four transmission options at the time of launch.




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Kia Seltos Image Gallery: Tata Harrier, Hyundai Creta rival explained

The Kia Seltos is based on the same platform as that of the Hyundai Creta. However, it will be slightly bigger, offer more space on the inside, have better equipment list along with more powerful engines.




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Kia Seltos: The Hyundai Creta, MG Hector rival explained in images

The Kia Seltos compact SUV is going to launch in India on August 22nd this year. It is based on the same platform as that of the Hyundai Creta. Upon launch, in addition to competing against the Hyundai Creta, the Seltos will also pitch against the likes of Tata Harrier and MG Hector.




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Top 5 cars unveiling at 2019 IAA Frankfurt: From electric Hyundai to Lamborghini plug-in hybrid hypercar




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2019 Frankfurt Motor Show in images: From Honda’s electric hatchback to Lamborghini’s hybrid hypercar




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2020 Hyundai Creta detailed in images: Kia Seltos rival debut likely at 2020 Auto Expo

The next-generation Hyundai Creta will get a completely revised exterior and interior design. Not only this but the engine line-up of this compact SUV will also undergo a complete transformation.




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All-new Hyundai Creta in detailed pictures: Interior, exterior, engines, expected price

Check out the detailed image gallery of the new 2020 Hyundai Creta.




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Cambridge English to train Madhya Pradesh students

Cambridge Assessment English, part of University of Cambridge, has signed MoU with Rajiv Gandhi Proudyogiki Vishwavidyalaya, Bhopal.




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Why institutions must focus on organisational behaviour

A better understanding of the relation between an organisation and its employees helps create better human resource strategies aimed at creating a better working atmosphere, employee commitment, and strengthening the overall value of the human capital.



  • Jobs and Education

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Why B-schools must rethink research

Have to encourage both academic research and practice-oriented research.



  • Jobs and Education

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IIT-Hyderabad incubated start-up develops IoT-enabled, low-cost ventilator

This would provide enough isolation to the patient and protection to health workers and family. The ventilator can be controlled using the app and provides real-time display of the waveforms.




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Women’s T20 World Cup: Australia outclass India in final, lift trophy for record 5th time

Overwhelmed by the occasion, India crumbled to 99 all out in front of a turnout of 86174 at the iconic Melbourne Cricket Ground, a record in women's cricket history.






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Construction of Ram temple initiated with special prayers in Ayodhya

The construction was initiated amid restrictions in the wake of the coronavirus threat in Ayodhya.




hy

Saudi Arabia’s think-tank studying hypothetical world sans OPEC

The study is the second in a series, after an earlier report found that OPEC’s spare capacity reduces oil price volatility and generates as much as $200 bn of annual economic benefits for the world economy.




hy

Risk-averse banks stay shy of TLTRO 2.0

NBFCs have been asking for a bail-out in the form of a government credit guarantee or a TARP –like structure.




hy

GISAT-1 launch: ISRO postpones March 5 launch; Here’s why

ISRO's GISAT-1, which weighs around 2,268 kgs, was slated to be the first Earth observation satellite to be placed in the Geosynchronous Transfer Orbit.




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Supermoon 2020: Here’s why New Zealand won’t be able to see the phenomenon

According to NASA, this will be the largest of full Moons this year. Also termed as “Pink Moon”, this Supermoon marks the first full moon of the Spring season.




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Madras HC quashes defamation case against Sandhya Ravishankar

In 2015, journalist Sandhya Ravishankar had written articles for the Economic Times on illegal beach sand mining in Tamil Nadu. A case of criminal defamation was filed against the journalist which was quashed by the Madras HC on Wednesday. The HC mad




hy

Hyderabad biotech firm working on intranasal vaccine against Covid-19 with US company, varsity

The institute has a high-level bio-safety facility designated Biosafety Level 3 Agriculture with the ability to safely handle and study pathogens like highly pathogenic influenza viruses and the novel coronavirus.




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Coronavirus: Three firms to bulk export hydroxychloroquine made in Gujarat units

Meanwhile, a senior official at Zydus Cadila confirmed that the company is in the process of manufacturing the drug in large quantity.




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Education will go online; hybrid classes will remain

Due to Covid-19, all universities have been compelled to offer courses online, and various videoconferencing tools are being used.




hy

Income Tax Exemption: Donation to Shree Ram Janambhoomi Teertha Kshetra in Ayodhya to get 80G benefit!

The notification says that the Teerth Kshetra is a place of historic importance and a place of public worship of renown for taxation purposes.




hy

Why Xiaomi didn’t talk about its software quirks during Mi 10 5G India launch

Why did Xiaomi not talk about one of Mi 10 5G’s biggest highlights at launch, or after? The reason is simple.




hy

Why do migrant workers who left for their homes want to return to Haryana?

Amidst Coronavirus breakdown, a reverse trend of people wanting to get back to work has been noticed in Haryana.




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What brought Franklin Templeton in SEBI’s crosshairs? Here’s why the fund house apologised

From wounding up six debt mutual fund schemes with an AUM of over Rs 30,000 crore, to dealing with the ire of investors, the fund house has been busy fire-fighting ever since the nationwide lockdown was announced.




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Totally healthy: Amit Shah rubbishes rumours on his health, says he is not suffering from any disease

Home Minister Amit Shah has said he is totally healthy and not suffering from any disease.




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Why Indian Army, Navy and Air Force Salute Differently

Here is Why Indian Army, Navy and Air Force Salute Differently - Independence Day




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~$CPIL$368469$title$textbox$Healthy Animals and the Future of a Continent: Behind Giving for Livestock in Africa$/CPIL$~




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Tata Nexon EV Becomes India’s #1 Electric Car; Beats Hyundai Kona, MG ZS In Total Sales

Electric vehicles are being preferred and promoted over the conventionally operated vehicles, and soon enough, they will be the future. A lot of the top automobile manufacturing companies have launched multiple electric versions of their already existing models, such as the Hyundai Kona Electric, Mahindra e-Verito, Mahindra e2o, MG ZS EV, Tata Tigor EV 2019, […]

The post Tata Nexon EV Becomes India’s #1 Electric Car; Beats Hyundai Kona, MG ZS In Total Sales first appeared on Trak.in . Trak.in Mobile Apps: Android | iOS.




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Coronavirus is a crisis for the developing world, but here's why it needn't be a catastrophe | Esther Duflo & Abhijit Banerjee

A radical new form of universal basic income could revitalise damaged economies

  • Esther Duflo and Abhijit Banerjee won the 2019 Nobel prize in economics for their work on poverty alleviation
  • Coronavirus – latest updates
  • See all our coronavirus coverage
  • While countries in east Asia and Europe are gradually taking steps towards reopening their economies, many in the global south are wondering whether the worst of the pandemic is yet to come. As economists who work on poverty alleviation in developing countries, we are often asked what the effects of coronavirus will be in south Asia and Africa. The truth is, we don’t know. Without extensive testing to map the number of cases, it’s impossible to tell how far the virus has already spread. We don’t yet have enough information about how Covid-19 behaves under different conditions such as sunlight, heat and humidity. Developing countries’ more youthful populations may spare them the worst of the pandemic, but health systems in the global south are poorly equipped to deal with an outbreak, and poverty is linked to co-morbidities that put people at a higher risk of serious illness.

    Without the information widespread testing provides, many poorer countries have taken an extremely cautious approach. India imposed a total lockdown on 24 March, by which time the country had about 500 confirmed cases. Countries such as Rwanda, South Africa and Nigeria enforced lockdowns in late March, long before the virus was expected to peak. But these lockdown measures can’t last forever. Poorer countries could have used the quarantine to buy time, gather information about how the disease behaves and develop a testing and tracing strategy. Unfortunately, not much of this has happened. And, far from coming to their aid, rich countries have outrun poorer nations in the race for PPE, oxygen and ventilators.

    Continue reading...




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    Why a buzzer-beater is Pomona-Pitzer's lasting memory

    Senior Jack Boyle's game-winning buzzer-beater sent Pomona-Pitzer to the Division III Sweet 16. But due to the pandemic, it would be his last shot.




    hy

    The Covid-19 Riddle: Why Does the Virus Wallop Some Places and Spare Others?

    Experts are trying to figure out why the coronavirus is so capricious. The answers could determine how to best protect ourselves and how long we have to.




    hy

    Why trainers are concerned about the transition from virtual to reality

    Players are working out creatively, but can't replace the intensity of team training.




    hy

    SemiEngineering Article: Why IP Quality Is So Difficult to Determine

    Differentiating good IP from mediocre or bad IP is getting more difficult, in part because it depends upon how and where it is used and in part, because even the best IP may work better in one system than another—even in chips developed by the same vendor.  

    So, how do you measure IP quality and why it is so complicated?

    The answer depends on who is asking. Most of the time, the definition of IP quality depends on your vantage point.  If you are an R&D manager, IP quality means something. If you are a global supply manager, IP quality means something else. If you are an SoC start-up, your measure of quality is quite different from that of an established fabless company. If you are designing IP in-house, then your considerations are very different than being a commercial IP vendor. If you are designing an automotive SoC, then we are in a totally different category. How about as an IP vendor? How do you articulate IP quality metrics to your customers?

    This varies greatly by the type of IP, as well. When it comes to interface (hard) IP and controllers, if you are an R&D manager, your goal is to design IP that meets the IP specifications and PPA (power, performance, and area) targets. You need to validate your design via silicon test chips. This applies to all hard PHYs, which must be mapped to a particular foundry process. For controllers that are in RTL form—we called these soft IP—you have to synthesize them into a particular target library in a particular foundry process in order to realize them in a physical form suitable for SoC integration. Of course, your design will need to go through a series of design validation steps via simulation, design verification and passing the necessary DRC checks, etc. In addition, you want to see the test silicon in various process corners to ensure the IP is robust and will perform well under normal process variations in the production wafers.

    For someone in IP procurement, the measure of quality will be based on the maturity of the IP. This involves the number of designs that have been taped out using this IP and the history of bug reports and subsequent fixes. You will be looking for quality of the documentation and the technical deliverables. You will also benchmark the supplier’s standard operating procedures for bug reporting and technical support, as well as meeting delivery performance in prior programs. This is in addition to the technical teams doing their technical diligence.

    An in-house team that is likely to design IP for a particular SoC project will be using an established design flow and will have legacy knowledge of last generation’s IP. They may be required to design the IP with some reusability in mind for future programs. However, such reusability requirements will not need to be as stringent and as broad as those of commercial IP vendors because there are likely to be established metrics and procedures in place to follow as part of the design team’s standard operating procedures. Many times, new development based on a prior design that has been proven in use will be started, given this stable starting point. All of these criteria help the team achieve a quality outcome more easily.

    Then, if designing for an automotive SoC, additional heavy lifting is required.  Aside from ensuring that the IP meets the specifications of the protocol standards and passes the compliance testing, you also must pay attention to meeting functional safety requirements. This means adherence to ISO 26262 requirements and subsequently achieving ASIL certification. Oftentimes, even for IP, you must perform some AEC-Q100-related tests that are relevant to IP, such as ESD, LU, and HTOL.

    To read more, please visit: https://semiengineering.com/why-ip-quality-is-so-difficult-to-determine/




    hy

    Snogworthy jams + social commentary

    Once while eating dinner in Montreal, our friendly, intoxicated waitress plopped herself in my lap and proceeded to tell us about how obsessed she was with the CD that was playing - singing out the lyrics at an ungodly volume and flinging her arms about. Wow, I thought to myself, people who listen to Morcheeba sure seem to have a lot of fun, and promised to check them out.

    Several CDs later, they are firmly one of my favorites. And their trip hop meditation, 2003’s Charango remains one of my most played CDs.

    Morcheeba (Mor = more, Cheeba = pot) are brothers Ross and Paul Godfrey with singer Skye Edwards (who has since been replaced). Part trance, part ambience, Charango is full of smooth, snogworthy jams. And just as you surrender to its seductive groove, Slick Rick shows up with a rap called “Women Lose Weight”.

    Lamenting his wife putting on weight after having kids and stalled by his mistress who wants a clean break before she shacks up with him, he decides the easiest way out of it all is to kill the spouse. Considering different ways to do the deed, he finally rams his car into her Chevy over a long lunch break one fine day. It is an unexpected, stunning, tongue-in-cheek social commentary that makes it a CD you won’t forget easily.

    Rave Out © 2007 IndiaUncut.com. All rights reserved.
    India Uncut * The IU Blog * Rave Out * Extrowords * Workoutable * Linkastic




    hy

    Here Is Why the Indian Voter Is Saddled With Bad Economics

    This is the 15th installment of The Rationalist, my column for the Times of India.

    It’s election season, and promises are raining down on voters like rose petals on naïve newlyweds. Earlier this week, the Congress party announced a minimum income guarantee for the poor. This Friday, the Modi government released a budget full of sops. As the days go by, the promises will get bolder, and you might feel important that so much attention is being given to you. Well, the joke is on you.

    Every election, HL Mencken once said, is “an advance auction sale of stolen goods.” A bunch of competing mafias fight to rule over you for the next five years. You decide who wins, on the basis of who can bribe you better with your own money. This is an absurd situation, which I tried to express in a limerick I wrote for this page a couple of years ago:

    POLITICS: A neta who loves currency notes/ Told me what his line of work denotes./ ‘It is kind of funny./ We steal people’s money/And use some of it to buy their votes.’

    We’re the dupes here, and we pay far more to keep this circus going than this circus costs. It would be okay if the parties, once they came to power, provided good governance. But voters have given up on that, and now only want patronage and handouts. That leads to one of the biggest problems in Indian politics: We are stuck in an equilibrium where all good politics is bad economics, and vice versa.

    For example, the minimum guarantee for the poor is good politics, because the optics are great. It’s basically Garibi Hatao: that slogan made Indira Gandhi a political juggernaut in the 1970s, at the same time that she unleashed a series of economic policies that kept millions of people in garibi for decades longer than they should have been.

    This time, the Congress has released no details, and keeping it vague makes sense because I find it hard to see how it can make economic sense. Depending on how they define ‘poor’, how much income they offer and what the cost is, the plan will either be ineffective or unworkable.

    The Modi government’s interim budget announced a handout for poor farmers that seemed rather pointless. Given our agricultural distress, offering a poor farmer 500 bucks a month seems almost like mockery.

    Such condescending handouts solve nothing. The poor want jobs and opportunities. Those come with growth, which requires structural reforms. Structural reforms don’t sound sexy as election promises. Handouts do.

    A classic example is farm loan waivers. We have reached a stage in our politics where every party has to promise them to assuage farmers, who are a strong vote bank everywhere. You can’t blame farmers for wanting them – they are a necessary anaesthetic. But no government has yet made a serious attempt at tackling the root causes of our agricultural crisis.

    Why is it that Good Politics in India is always Bad Economics? Let me put forth some possible reasons. One, voters tend to think in zero-sum ways, as if the pie is fixed, and the only way to bring people out of poverty is to redistribute. The truth is that trade is a positive-sum game, and nations can only be lifted out of poverty when the whole pie grows. But this is unintuitive.

    Two, Indian politics revolves around identity and patronage. The spoils of power are limited – that is indeed a zero-sum game – so you’re likely to vote for whoever can look after the interests of your in-group rather than care about the economy as a whole.

    Three, voters tend to stay uninformed for good reasons, because of what Public Choice economists call Rational Ignorance. A single vote is unlikely to make a difference in an election, so why put in the effort to understand the nuances of economics and governance? Just ask, what is in it for me, and go with whatever seems to be the best answer.

    Four, Politicians have a short-term horizon, geared towards winning the next election. A good policy that may take years to play out is unattractive. A policy that will win them votes in the short term is preferable.

    Sadly, no Indian party has shown a willingness to aim for the long term. The Congress has produced new Gandhis, but not new ideas. And while the BJP did make some solid promises in 2014, they did not walk that talk, and have proved to be, as Arun Shourie once called them, UPA + Cow. Even the Congress is adopting the cow, in fact, so maybe the BJP will add Temple to that mix?

    Benjamin Franklin once said, “Democracy is two wolves and a lamb voting on what to have for lunch.” This election season, my friends, the people of India are on the menu. You have been deveined and deboned, marinated with rhetoric, seasoned with narrative – now enter the oven and vote.



    © 2007 IndiaUncut.com. All rights reserved.
    India Uncut * The IU Blog * Rave Out * Extrowords * Workoutable * Linkastic




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    DAC 2015 Accellera Panel: Why Standards are Needed for Internet of Things (IoT)

    Design and verification standards are critical if we want to get a new generation of Internet of Things (IoT) devices into the market, according to panelists at an Accellera Systems Initiative breakfast at the Design Automation Conference (DAC 2015) June 9. However, IoT devices for different vertical markets pose very different challenges and requirements, making the standards picture extremely complicated.

    The panel was titled “Design and Verification Standards in the Era of IoT.” It was moderated by industry editor John Blyler, CEO of JB Systems Media and Technology. Panelists were as follows, shown left to right in the photo below:

    • Lu Dai, director of engineering, Qualcomm
    • Wael William Diab, senior director for strategy marketing, industry development and standardization, Huawei
    • Chris Rowen, CTO, IP Group, Cadence Design Systems, Inc.

     

    In opening remarks, Blyler recalled a conversation from the recent IEEE International Microwave Symposium in which a panelist pointed to the networking and application layers as the key problem areas for RF and wireless standardization. Similarly, in the IoT space, we need to look “higher up” at the systems level and consider both software and hardware development, Blyler said.

    Rowen helped set some context for the discussion by noting three important points about IoT:

    • IoT is not a product segment. Vertical product segments such as automotive, medical devices, and home automation all have very different characteristics.
    • IoT “devices” are components within a hierarchy of systems that includes sensors, applications, user interface, gateway application (such as cell phone), and finally the cloud, where all data is aggregated.
    • A bifurcation is taking place in design. We are going from extreme scale SoCs to “extreme fit” SoCs that are specialized, low energy, and very low cost.

    Here are some of the questions and answers that were addressed during the panel discussion.

    Q: The claim was recently made that given the level of interaction between sensors and gateways, 50X more verification nodes would have to be checked for IoT. What standards need to be enhanced or changed to accomplish that?

    Rowen: That’s a huge number of design dimensions, and the way you attack a problem of that scale is by modularization. You define areas that are protected and encapsulated by standards, and you prove that individual elements will be compliant with that interface. We will see that many interesting problems will be in the software layers.

    Q: Why is standardization so important for IoT?

    Dai: A company that is trying to make a lot of chips has to deal with a variety of standards. If you have to deal with hundreds of standards, it’s a big bottleneck for bringing your products to market. If you have good standardization within the development process of the IC, that helps time to market.

    When I first joined Qualcomm a few years ago, there was no internal verification methodology. When we had a new hire, it took months to ramp up on our internal methodology to become effective. Then came UVM [Universal Verification Methodology], and as UVM became standard, we reduced our ramp-up time tremendously. We’ve seen good engineers ramp up within days.

    Diab: When we start to look at standards, we have to do a better job of understanding how they’re all going to play with each other. I don’t think one set of standards can solve the IoT problem. Some standards can grow vertically in markets like industrial, and other standards are getting more horizontal. Security is very important and is probably one thing that goes horizontally.

    Requirements for verticals may be different, but processing capability, latency, bandwidth, and messaging capability are common [horizontal] concerns. I think a lot of standards organizations this year will work on horizontal slices [of IoT].

    Q: IoT interoperability is important. Any suggestions for getting that done and moving forward?

    Rowen: The interoperability problem is that many of these [IoT] devices are wireless. Wireless is interesting because it is really hard – it’s not like a USB plug. Wireless lacks the infrastructure that exists today around wired standards. If we do things in a heavily wireless way, there will be major barriers to overcome.

    Dai: There are different standards for 4G LTE technology for different [geographical] markets. We have to make a chip that can work for 20 or 30 wireless technologies, and the cost for that is tremendous. The U.S., Europe, and China all have different tweaks. A good standard that works across the globe would reduce the cost a lot.

    Q: If we’re talking about the need to define requirements, a good example to look at is power. Certainly you have UPF [Unified Power Format] for the chip, board, and module.

    Rowen: There is certainly a big role for standards about power management. But there is also a domain in which we’re woefully under-equipped, and that is the ability to accurately model the different power usage scenarios at the applications level. Too often power devolves into something that runs over thousands of cycles to confirm that you can switch between power management levels successfully. That’s important, but it tells you very little about how much power your system is going to dissipate.

    Dai: There are products that claim to be UPF compliant, but my biggest problem with my most recent chip was still with UPF. These tools are not necessarily 100% UPF compliant.

    One other concern I have is that I cannot get one simulator to pass my Verilog code and then go to another that will pass. Even though we have a lot of tools, there is no certification process for a language standard.

    Q: When we create a standard, does there need to be a companion compliance test?

    Rowen: I think compliance is important. Compliance is being able to prove that you followed what you said you would follow. It also plays into functional safety requirements, where you need to prove you adhered to the flow.

    Dai: When we [Qualcomm] sell our 4G chips, we have to go through a lot of certifications. It’s often a differentiating factor.

    Q: For IoT you need power management and verification that includes analog. Comments?

    Rowen: Small, cheap sensor nodes tend to be very analog-rich, lower scale in terms of digital content, and have lots of software. Part of understanding what’s different about standardization is built on understanding what’s different about the design process, and what does it mean to have a software-rich and analog-rich world.

    Dai: Analog is important in this era of IoT. Analog needs to come into the standards community.

    Richard Goering

    Cadence Blog Posts About DAC 2015

    Gary Smith at DAC 2015: How EDA Can Expand Into New Directions

    DAC 2015: Google Smart Contact Lens Project Stretches Limits of IC Design

    DAC 2015: Lip-Bu Tan, Cadence CEO, Sees Profound Changes in Semiconductors and EDA

    DAC 2015: “Level of Compute in Vision Processing Extraordinary” – Chris Rowen

    DAC 2015: Can We Build a Virtual Silicon Valley?

    DAC 2015: Cadence Vision-Design Presentation Wins Best Paper Honors

     

     

     




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    Triple Beat Analysis: What, Why & How?

    The Triple Beat analysis is similar to Rapid IP2/IP3 analysis except that it uses three tones instead of two. It is used in cases where two closely-spaced small-signal inputs from a transmitter leak in to the receiver along with an intended small-signal RF input signal. (read more)




    hy

    searching for transistor inside hyrarchy in cadence virtuoso

    Hello, I have a problem with a certain type of transistor,my hyrarchy has a lot components an sub components and visually inspecting them is very hard.

    is there a way like in other cadence layout viewer tools , to enter the name of the component or a NET somewhere and it will focus on it visualy or give the hyrarchy path to it?

    Thanks.




    hy

    Here Is Why the Indian Voter Is Saddled With Bad Economics

    This is the 15th installment of The Rationalist, my column for the Times of India.

    It’s election season, and promises are raining down on voters like rose petals on naïve newlyweds. Earlier this week, the Congress party announced a minimum income guarantee for the poor. This Friday, the Modi government released a budget full of sops. As the days go by, the promises will get bolder, and you might feel important that so much attention is being given to you. Well, the joke is on you.

    Every election, HL Mencken once said, is “an advance auction sale of stolen goods.” A bunch of competing mafias fight to rule over you for the next five years. You decide who wins, on the basis of who can bribe you better with your own money. This is an absurd situation, which I tried to express in a limerick I wrote for this page a couple of years ago:

    POLITICS: A neta who loves currency notes/ Told me what his line of work denotes./ ‘It is kind of funny./ We steal people’s money/And use some of it to buy their votes.’

    We’re the dupes here, and we pay far more to keep this circus going than this circus costs. It would be okay if the parties, once they came to power, provided good governance. But voters have given up on that, and now only want patronage and handouts. That leads to one of the biggest problems in Indian politics: We are stuck in an equilibrium where all good politics is bad economics, and vice versa.

    For example, the minimum guarantee for the poor is good politics, because the optics are great. It’s basically Garibi Hatao: that slogan made Indira Gandhi a political juggernaut in the 1970s, at the same time that she unleashed a series of economic policies that kept millions of people in garibi for decades longer than they should have been.

    This time, the Congress has released no details, and keeping it vague makes sense because I find it hard to see how it can make economic sense. Depending on how they define ‘poor’, how much income they offer and what the cost is, the plan will either be ineffective or unworkable.

    The Modi government’s interim budget announced a handout for poor farmers that seemed rather pointless. Given our agricultural distress, offering a poor farmer 500 bucks a month seems almost like mockery.

    Such condescending handouts solve nothing. The poor want jobs and opportunities. Those come with growth, which requires structural reforms. Structural reforms don’t sound sexy as election promises. Handouts do.

    A classic example is farm loan waivers. We have reached a stage in our politics where every party has to promise them to assuage farmers, who are a strong vote bank everywhere. You can’t blame farmers for wanting them – they are a necessary anaesthetic. But no government has yet made a serious attempt at tackling the root causes of our agricultural crisis.

    Why is it that Good Politics in India is always Bad Economics? Let me put forth some possible reasons. One, voters tend to think in zero-sum ways, as if the pie is fixed, and the only way to bring people out of poverty is to redistribute. The truth is that trade is a positive-sum game, and nations can only be lifted out of poverty when the whole pie grows. But this is unintuitive.

    Two, Indian politics revolves around identity and patronage. The spoils of power are limited – that is indeed a zero-sum game – so you’re likely to vote for whoever can look after the interests of your in-group rather than care about the economy as a whole.

    Three, voters tend to stay uninformed for good reasons, because of what Public Choice economists call Rational Ignorance. A single vote is unlikely to make a difference in an election, so why put in the effort to understand the nuances of economics and governance? Just ask, what is in it for me, and go with whatever seems to be the best answer.

    Four, Politicians have a short-term horizon, geared towards winning the next election. A good policy that may take years to play out is unattractive. A policy that will win them votes in the short term is preferable.

    Sadly, no Indian party has shown a willingness to aim for the long term. The Congress has produced new Gandhis, but not new ideas. And while the BJP did make some solid promises in 2014, they did not walk that talk, and have proved to be, as Arun Shourie once called them, UPA + Cow. Even the Congress is adopting the cow, in fact, so maybe the BJP will add Temple to that mix?

    Benjamin Franklin once said, “Democracy is two wolves and a lamb voting on what to have for lunch.” This election season, my friends, the people of India are on the menu. You have been deveined and deboned, marinated with rhetoric, seasoned with narrative – now enter the oven and vote.

    The India Uncut Blog © 2010 Amit Varma. All rights reserved.
    Follow me on Twitter.